Future Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
E-MICRO GOLD Feb 2019 (NYMEX:MGC.G19)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MGC.G19
The long term trend has been UP since Dec 7th, 2018 at 1251.5
The intermediate term trend has been DOWN since Jan 21st, 2019 at 1278.1
The short term trend has been DOWN since Jan 18th, 2019 at 1288.1
Smart Scan Analysis for MGC.G19
Based on a pre-defined weighted trend formula for chart analysis, MGC.G19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|